Business Context and Reporting Period
This Form 8-K Current Report was filed by Applied Materials, Inc. on December 17, 2015. The filing addresses corporate governance changes, specifically the appointment of a new director.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and compensation arrangements.
Material Changes
The primary material change reported is the appointment of Adrianna Ma to the Board of Directors and the Audit Committee, effective immediately on December 17, 2015.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or management commentary regarding business operations in this filing. The document details the compensatory arrangements for the new director:
- Annual Retainer: $65,000 (prorated based on service during the year).
- Meeting Fee: $2,000 for each committee meeting attended.
- Restricted Stock Units (RSUs): An automatic grant valued at $200,000 (divided by the market value of common stock on the appointment date), prorated through the 2016 Annual Meeting of Stockholders.
- Vesting Schedule: RSUs vest in full on March 1, 2016, subject to continued service.
Investor Verification Checklist
- Confirm the effective date of Adrianna Ma's appointment to the Board and Audit Committee.
- Verify the specific vesting date of the $200,000 RSU grant (March 1, 2016).
- Review the company's proxy statement for the 2016 Annual Meeting to confirm the final prorated compensation amounts.